Levelset

SEPTEMBER 2, 2022

While general liability insurance covers against claims related to injury or property damage, errors and omissions insurance protects from lawsuits related to financial loss. A construction contract creates a legal responsibility for the contractor to fulfill certain obligations to another party. What E&O doesn’t cover.

Insurance 52

Insurance Liability Claims Construction 52

Levelset

SEPTEMBER 7, 2022

Unlike general liability insurance — which protects contractors when their work leads to bodily injury or property damage — professional liability offers coverage in situations when their work causes another party to lose money. Some mistakes could lead to bodily injury or property damage—which are both covered by general liability insurance.

Liability 52

Liability Insurance Injury Contract 52

Levelset

SEPTEMBER 14, 2022

When a subcontractor is uninsured, the business can still be liable for any property damage or injury to others. If your business is found to have caused an injury or accident, the other party will seek damages. Such an occurrence could threaten the existence of your contracting business. Workers compensation insurance.

Insurance 98

Insurance Liability Claims Injury 98